Blog Post: Day 2 of $QQQ short term down-trend; GMI=1 and RED; Daily RWB up-trend over, see modified daily Guppy chart.

GMI1/6
GMI-21/9
T210829%

The short (red) and longer term averages (blue) have converged with no white space between them. The RWB up-trend is over. I am holding a little SQQQ and cash (in TBIL) in my trading account. Be careful and limit losses! If the new down-trend exceeds 5 days I will accumulate SQQQ.  Beware a possible BWR down-trend.

Screenshot

 

 

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